HSBC Bank claims that the results of its new quantum computing experiment surpass those of its Wall Street competitors.

HSBC Holdings Limited announced that it has achieved a global breakthrough in deploying quantum computing technology in the financial markets. Currently, several large Wall Street institutions are competing fiercely to integrate this cutting-edge technology into their daily operations. The London-based bank revealed on Thursday that after using IBM's state-of-the-art "Hummingbird" quantum processor, the accuracy of predicting the likelihood of trading bonds at a specific price has improved by 34%. HSBC Bank and the American tech giant applied quantum computing technology to a set of anonymous European bond trading data, and found that this technology can significantly improve market efficiency. This achievement marks an important step in the application of quantum computing in the financial sector - HSBC is the first bank in the world to prove the advantages of this emerging technology through large-scale real trading data. Prior to this, the application of quantum computing technology was mainly limited to academic research and specialized technology companies. Currently, from Alphabet Inc., IBM to Microsoft, many companies are investing billions of dollars in an attempt to conquer quantum computing, which is considered the "next frontier", but the path to practical application of this technology seems to be still long. Philip Intallura, head of HSBC's quantum technology department, said, "Will this be the 'Sputnik moment' in the field of quantum computing? My intuition is yes."